23 predictions for 2023 - The Hustle

Last updated Friday, December 30, 2022 12:05 ET , Source: NewsService

We’re taking some time off to ring in the new year, but we’ll see you back here on Jan. 3.

In today’s email:

Our predictions: Mergers, kitsch, nobody’s market, Murder Rice.
Your predictions: Used cars, anti-tech, ChatGPT, and… aliens?
Around the web: Ambient work noise, why we sing “Auld Lang Syne,” a helpful dog, and more cool internet finds.

On the go? Listen to today’s podcast for a news rundown and to revisit two of our favorite stories of 2022 on the unbundling of online dating and TikTok as a rival to Google Search.

The big idea

23 predictions for 2023: Their takes and our takes

How will 2023 play out? We scoured for predictions regarding the economy, Hollywood, and lots more. We also have a few of our own.

The US economy will grow at 0.5%-1% pace, a drop from 1.5%-2% in 2022, and there will be a mild recession near the end of the year. (JPMorgan)
Inflation will decline to 4%-5% by May, but it will take much longer to bring it down to 2%-3%. (Mihir Desai, Harvard Business School)
The S&P 500 will decline, in what is the first negative aggregate prediction tracked by Bloomberg since at least 1999. (Bloomberg)
Real estate will be a “nobody’s market,” with high-priced homes and limited options. (Danielle Hale, chief...

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